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Speed of price change for commodities in year ending December 2017 decreased

Posted on 13th Jan 2018 21:05:09 in

Mwagushe Mwapitu cuts some of his sukuma wiki into peaces for sale at Majengo Market in Mombasa County on Friday 6th November 2015. He sells at Ksh20 per bag and says he gets his sukumawiki together with Spinach from a white farmer who does farming at Mtongwe in Mombasa. Photo/Kelvin Karani

Tanzania’s inflation rate fell to 4.0 percent year-on-year in December, down from 4.4 percent in November because of slower food price increases, the statistics office said.

 The month-on-month inflation was 0.2 percent in December, compared with 0.5 percent in November.

“The speed of price change for commodities in the year ending December 2017 has decreased compared to the speed of price change recorded in the year ended in November 2017,” Ephraim Kwesigabo, director at state-run National Bureau of Statistics, said.